Sustainable finance is fast becoming a separate asset class globally. Under the umbrella of sustainable finance, Environmental, Social and Governance (ESG) practices are growing rapidly as a differentiator within the banking and financial services sector.
Data is at the heart of sustainable finance, and more accurate data collection is critical for further growth of sustainable finance. It is not only important for customers to know more transparently about banking and financial products and services, but it is also critical for regulators and policy makers to develop their respective regulatory and policy interventions.
The banking and financial services sector has a key role in meeting the UN Sustainable Development Goals (SDGs) by 2030, which is through bridging the funding gap. European Union’s Sustainable Finance Taxonomy and the Recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD), and so many other global initiatives are empowering the banking and financial services sector to play its role. Most recently, the Bank of England has taken steps to stress-test the financial sector for climate-related risks.
In view of the above, this questionnaire is intended to help begin the process of having a thriving sustainable banking and finance sector in Bahrain.
The questionnaire seeks to collect quantitative and qualitative information. It is organized in five different parts (from A through E), and each part focuses on a thematic area.
Your responses will help assess the current state of sustainable finance in Bahrain. They will also inform a policy dialogue for likely measures to be taken to help increase the size of sustainable finance in Bahrain.
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